During the three-month period that ended Sept. 30, (NASDAQ: GOOGL) (NASDAQ: GOOG) posted revenue of $76.7 billion and diluted earnings per share of $1.55. These headline figures were better than what Wall Street analysts were expecting. So it's probably curious that the FAANG stock dipped 10% immediately following the announcement.
As of this writing, Alphabet's stock is 18% below its all-time high price and 12% below its 52-week high. Should investors take advantage of the dip and buy this business? Let's take a closer look.
That revenue figure showed an 11% jump compared to Q3 2022. This was the first quarter since Q2 2022 that the company posted a double-digit gain.
Source Fool.com